Having a franchise is a great way to start a business, without having to worry about coming up with your own business model. When you have a franchise, you have the convenience of having an established and recognized brand to develop, plus the support of a head office that will help you succeed. The key to your success is to pick one of the best franchises to own so you can have a business that is sure to succeed.
There are a number of businesses that are tagged as best franchises to own. Here are three that require different capital options.
Cartridge World is one of the best franchises to own and has one of the lowest amounts of money needed to get stated. With a starting liquid capital of only $30,000, you can be on your way to supplying customers with ink refills for their home computer printers. Because it costs much less to have an ink cartridge refilled than to buy a brand new one, more and more people are turning to this as a practical and economical way to get their printing needs done.
Another one of the best franchises to own is Dollar Store Services. With a liquid capital requirement of only $50,000, you can be on your way to owning a business that is sure to draw huge crowds in any neighborhood, regardless of the type of economy the country is in.
The convenience store 7-Eleven is another one of the best franchises to own. With the wide number of products it offers, plus the added income from the food service section of the store, a well located store can generate thousands of dollars in income for you. The start up costs are quite high, since you will need about $100,000 to $160,000 in capital, but this can be easily recovered in a few years.
Consider these three best franchises to own and be on your way to becoming an entrepreneur. Consider also the following.
Everyone loves to eat and so it makes sense that if you want to start a business, choose one of the best franchises to own that serve food. Whether you want to have a juice bar or a fast food joint, having a restaurant franchise can help you become an entrepreneur and help cater to the demands of your neighborhood.
On the top of the list of best franchises to own that serve food is McDonalds. This fast food chain has served over a billion customers and to this day continues to be very competitive in the fast food market. With new offerings every year and classic menu items that remain popular with the fans. McDonalds has high recognition and brand value. It does require a huge capital startup, reaching upwards from a million dollars, but you can be sure that you’ll get it back within a few years.
If you want something that doesn’t cost as much, try Maui Wowi Hawaiian Coffees and Smoothies. To get started, you’ll need only about $50,000, a great location and the same competitive and enthusiastic drive that many franchisees share. There are over 600 locations worldwide, so Maui Wowi Hawaiian Coffees and Smoothies is one of the largest coffee and smoothie juice bars around.
Finally, theirs is Subway. For as little as $85,000, you can own one of the best franchises to own that serve food. Your total investment can reach upwards to $250,000, but Subway is a long established brand that serves high quality and healthy sandwiches.
Research on any of these best franchises to own because these restaurants already have a proven business formula that can make you into a success. Visit the company website and talk to a business development manager if you are interested in having one of the best franchises to own.